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LIMS Market Increasing Adoption of Internet of Things (IoT) in the Lighting Industry – Industry Analysis Research,Trends and Forecast to 2025
Press release from: Data Bridge Market Research
Global LIMS market is expected to reach USD 1,155.67 million by 2025 from USD 650.70 million in 2017, at a CAGR of 7.7 % in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Component (Services, Software), Product Type (Broad-Based LIMS, Industry-Specific LIMS), Delivery (On-Premise LIMS, Cloud-Based LIMS, Remotely Hosted LIMS), Industry Type (Life Sciences Industry, Food & Beverage and Agriculture Industries, Petrochemical Refineries and The Oil & Gas Industry, Chemical Industry, Other Industry), Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa)
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The major factors contributing to the growth of the market includes factors such as growing use of LIMS to comply with stringent regulatory requirements, rising need for adoption of LIMS in various industries, technological advancements in LIMS services are boosting the growth of the global LIMS market.
GROWING USE OF LIMS TO COMPLY WITH STRINGENT REGULATORY REQUIREMENTs
Laboratory Information Management System (LIMS) systematize and streamline the existing processes such as management of the data for helping the laboratories to improve the efficiency and good laboratory practice (GLP) acceptance. Moreover, LIMS also helps scientists in managing their work as it lowers their burden and offers the platform for the growth and achieving the objective of optimal efficacy.
The manufacturers are replacing the paper-based processes with the commercially available advanced and developed LIMS that are mainly designed for working with the regulatory agreement.
The regulatory bodies such as FDA, FSMA, and HACCP are demanding more accurate and detailed safety control of the drug entrants for ensuring the safety of the final products to avoid the product recalls. So, the regulatory bodies need the advanced systems for the same. For instance, Element LIMS a systems launched by Promium offers uninterrupted process of managing the samples, analyzing data and reporting the results of the experiments. Element consists of the features that are developed for meeting the strict requirements and regulatory standards which include U.S. Environmental Protection Agency (EPA) and some other state, federal, provincial, territorial, and local organizations.
STARLIMS which is food and beverage LIMS solution developed by Abbott, comply with various regulatory standards including Food Safety Modernization Act (FSMA), Hazard Analysis and Critical Control Points (HACCP), Hazard Analysis and Risk-Based Preventive Controls (HARPC), Global Food Safety Initiative (GFSI), Good Laboratory Practice (GLP), Good Manufacturing Practice (GMP), CODEX, European Law, and, Code of Federal Regulations (21CFR) Part 11. The LIMS has wide range of usage such as accessing the whole sample history, display full audit trails, remove e-signature information, and many others.The LIMS is used in various industries to comply with stringent regulations of the government bodies. The usage of the LIMS is growing nowadays due to increasing demand of more accurate and precise data by the regulatory bodies. So, to meet the rising demand of the LIMS in the industries, companies are developing many advanced and flexible systems which eventually drive the market growth of the LIMS across the globe.
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RISING NEED FOR ADOPTION OF LIMS IN VARIOUS INDUSTRIES
Data management systems have become the basic need of any of the laboratory for tracking samples and to meet the needs of the growing strict regulations, but the LIMS helps in increasing the productivity and workflow without wasting much time on the system.
The LIMS is used by various industries such as pharmaceutical, food & safety, clinical research, manufacturing services, contract services, molecular testing, petrochemical and refining, public health, and environmental services.
LIMS is being used as an essential part of the modern water testing laboratory and it is an important consideration for the lab and infrastructure investments in metropolises, utilities and contract laboratories due to growing concerns related to water pollutions.
The food and beverage industry has been using the manual processes and paper based systems since many years. But due to advancement in the data management, these industries have started using the LIMS systems. LIMS solutions provide the list of benefits such as precise data management, quality assurance as compared to the traditional paper-based data collection and management methods. The LIMS enables the food producers in examining the whole production process, starting from the arrival of raw ingredients to the packaging of finished products. The safety of the consumers in the food industry is the major concern which makes it mandatory to use LIMS for the accurate and precise production of the food products.
In the pharmaceutical industries the LIMS is used for examining the batches and controlling the tests performed on batch samples which are based on the frequency of testing and preceding test results. The system also manages the protocols, studies, sample inventory, schedules the lab tests to be performed, conditions of the batch samples need to be examined, and locations of the various samples to achieve the stability management goals.
The LIMS is used in the clinical research field due to growing tests performed in the clinics and to manage those studies and tests. The LIMS has been used for the master schedule, which includes visit schedules, visit-specific subject metadata, tolerance limits and visit sequence information. The system is also used to enable researchers for reserving the specimens for a specified time interval.
Some of the major players operating in this market are Thermo Fisher Scientific Inc. is going to dominate the global LIMS market followed by McKesson Corporation, Abbott and Siemens AG. Some of the other players are Roper Technologies, Inc., IBM Corporation, Illumina, Inc., Shimadzu Corporation, LabWare, LABWORKS among others.
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TABLE OF CONTENTS GLOBAL LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. OVERVIEW OF GLOBAL LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET
1.4. CURRENCY AND PRICING
1.6. MARKETS COVERED
2. MARKET SEGMENTATION
2.1. MARKETS COVERED
2.2. GEOGRAPHIC SCOPE
2.3. YEARS CONSIDERED FOR THE STUDY
2.4. CURRENCY AND PRICING
2.5. RESEARCH METHODOLOGY
2.6. PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.7. SECONDARY SOURCES
3. MARKET OVERVIEW
3.1.1. GROWING USE OF LIMS TO COMPLY WITH STRINGENT REGULATORY REQUIREMENTS
3.1.2. RISING NEED FOR ADOPTION OF LIMS IN VARIOUS INDUSTRIES
3.1.3. TECHNOLOGICAL ADVANCEMENTS IN LIMS SERVICES
3.2.1. HIGH COST OF LIMS PRODUCT AND SERVICES
3.2.2. LACK OF INTEGRATION STANDARDS FOR LIMS
3.3.1. GROWTH IN EMERGING MARKETS
3.3.2. CLOUD-BASED LIMS OFFER GROWTH OPPORTUNITIES
3.4.1. INTERFACING OF LIMS WITH OTHER LABORATORY SYSTEMS
3.4.2. LACK OF SKILLED PROFESSIONALS
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
6. GLOBAL LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET, BY COMPONENT
7. GLOBAL LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET, BY PRODUCT TYPE
8. GLOBAL LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET, BY DELIVERY
9. GLOBAL LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET, BY INDUSTRY TYPE
9.2. LIFE SCIENCES
9.2.1. PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES
9.2.2. CONTRACT SERVICE ORGANIZATIONS
9.2.3. ACADEMIC RESEARCH INSTITUTES
9.2.4. MOLECULAR DIAGNOSTICS (MDX) & CLINICAL RESEARCH LABORATORIES
9.3. PETROCHEMICAL REFINERIES AND OIL & GAS
9.5. FOOD & BEVERAGE AND AGRICULTURE
10. GLOBAL LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET BY GEOGRAPHY
10.2. NORTH AMERICA
10.3.11. REST OF EUROPE
10.4.4. SOUTH KOREA
10.4.11. REST OF ASIA-PACIFIC
10.5. SOUTH AMERICA
10.5.2. REST OF SOUTH AMERICA
10.6. MIDDLE EAST & AFRICA
10.6.1. SOUTH AFRICA
10.6.2. REST OF MIDDLE EAST & AFRICA
11. GLOBAL LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET, COMPANY LANDSCAPE
11.1. COMPANY SHARE ANALYSIS: GLOBAL
11.2. COMPANY SHARE ANALYSIS: NORTH AMERICA
11.3. COMPANY SHARE ANALYSIS: EUROPE
11.4. COMPANY SHARE ANALYSIS: ASIA-PACIFIC
12. COMPANY PROFILES
12.1. IBM CORPORATION
12.1.1. COMPANY OVERVIEW
12.1.2. IBM CORPORATIO :REVENUE ANALYSIS
12.1.3. PRODUCT PORTFOLIO
12.1.4. RECENT DEVELOPMENTS
12.2. MCKESSON CORPORATION
12.2.1. COMPANY OVERVIEW
12.2.2. MCKESSON CORPORATION: REVENUE ANALYSIS
12.2.3. PRODUCT PORTFOLIO
12.2.4. RECENT DEVELOPMENTS
12.3.1. COMPANY OVERVIEW
12.3.2. LABWARE: COMPANY SNAPSHOT
12.3.3. PRODUCT PORTFOLIO
12.3.4. RECENT DEVELOPMENTS
12.4. ROPER TECHNOLOGIES INC.
12.4.1. COMPANY OVERVIEW
12.4.2. ROPER TECHNOLOGIES, INC.: REVENUE ANALYSIS
12.4.3. PRODUCT PORTFOLIO
12.4.4. RECENT DEVELOPMENTS
12.5. SIEMENS AG
12.5.1. COMPANY OVERVIEW
12.5.2. SIEMENS AG:REVENUE ANALYSIS
12.5.3. PRODUCT PORTFOLIO
12.5.4. RECENT DEVELOPMENTS
12.6.1. COMPANY OVERVIEW
12.6.2. LABWORKS: COMPANY SNAPSHOT
12.6.3. PRODUCT PORTFOLIO
12.6.4. RECENT DEVELOPMENTS
12.7. ILLUMINA, INC.
12.7.1. COMPANY OVERVIEW
12.7.2. ILLUMINA, INC.:REVENUE ANALYSIS
12.7.3. PRODUCT PORTFOLIO
12.7.4. RECENT DEVELOPMENTS
12.8.1. COMPANY OVERVIEW
12.8.2. ABBOTT: REVENUE ANALYSIS
12.8.3. PRODUCT PORTFOLIO
12.8.4. RECENT DEVELOPMENTS
12.9. PROMIUM LLC
12.9.1. COMPANY OVERVIEW
12.9.2. PROMIUM LLC: COMPANY SNAPSHOT
12.9.3. PRODUCT PORTFOLIO
12.9.4. RECENT DEVELOPMENTS
12.10. LABLYNX, INC.
12.10.1. COMPANY OVERVIEW
12.10.2. LABLYNX, INC.: COMPANY SNAPSHOT
12.10.3. PRODUCT PORTFOLIO
12.10.4. RECENT DEVELOPMENTS
12.11. NOVATEK INTERNATIONAL
12.11.1. COMPANY OVERVIEW
12.11.2. NOVATEK INTERNATIONAL:COMPANY SNAPSHOT
12.11.3. PRODUCT PORTFOLIO
12.11.4. RECENT DEVELOPMENTS
12.12. THERMO FISHER SCIENTIFIC INC.
12.12.1. COMPANY OVERVIEW
12.12.2. THERMO FISHER SCIENTIFIC INC.: REVENUE ANALYSIS
12.12.3. PRODUCT PORTFOLIO
12.12.4. RECENT DEVELOPMENTS
12.13. SHIMADZU CORPORATION
12.13.1. COMPANY OVERVIEW
12.13.2. SHIMADZU CORPORATION: REVENUE ANALYSIS
12.13.3. PRODUCT PORTFOLIO
12.13.4. RECENT DEVELOPMENTS
12.14. COMPUTER SOLUTIONS, INC.
12.14.1. COMPANY OVERVIEW
12.14.2. COMPUTER SOLUTIONS, INC.: COMPANY SNAPSHOT
12.14.3. PRODUCT PORTFOLIO
12.14.4. RECENT DEVELOPMENTS
12.15. AGARAM TECHNOLOGIES PVT LTD
12.15.1. COMPANY OVERVIEW
12.15.2. AGARAM TECHNOLOGIES PVT LTD: COMPANY SNAPSHOT
12.15.3. PRODUCT PORTFOLIO
12.15.4. RECENT DEVELOPMENTS
12.16.1. COMPANY OVERVIEW
12.16.2. CLOUDLIMS: COMPANY SNAPSHOT
12.16.3. PRODUCT PORTFOLIO
12.16.4. RECENT DEVELOPMENTS
13. RELATED REPORTS
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